Iran said the Strait of Hormuz remained open and ruled out an immediate shutdown, even as ship movements through the waterway nearly came to a standstill during the US-Iran war.
War risk cover remains available for Persian Gulf and Red Sea shipping on a single-voyage basis, but insurers are tightening terms as disruptions, rerouting, and supply chain risks grow.
Wellesley Petroleum has secured consent to drill the 35/10-16 S exploration well in the Norwegian North Sea, with Deepsea Yantai set to handle the work.
The Sèmè field offshore Benin moved closer to regular production after Lime Petroleum completed the connection between MOPU Stella Energy 1 and FSO Kristina, with oil now flowing into the storage vessel during commissioning.
